Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Chicago Capital LLC

Chicago Capital LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,063 shares of the electric vehicle producer’s stock after acquiring an additional 399 shares during the quarter. Chicago Capital LLC’s holdings in Tesla were worth $3,376,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Integris Wealth Management LLC increased its position in shares of Tesla by 1.0% in the second quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer’s stock valued at $804,000 after buying an additional 42 shares in the last quarter. Echo Wealth Management LLC increased its holdings in Tesla by 0.7% during the 2nd quarter. Echo Wealth Management LLC now owns 6,474 shares of the electric vehicle producer’s stock valued at $1,281,000 after acquiring an additional 44 shares in the last quarter. WASHINGTON TRUST Co raised its position in Tesla by 3.2% during the second quarter. WASHINGTON TRUST Co now owns 1,433 shares of the electric vehicle producer’s stock worth $284,000 after acquiring an additional 45 shares during the last quarter. Bellevue Asset Management LLC lifted its holdings in shares of Tesla by 1.6% in the second quarter. Bellevue Asset Management LLC now owns 2,868 shares of the electric vehicle producer’s stock valued at $568,000 after purchasing an additional 45 shares in the last quarter. Finally, Cypress Capital Group grew its position in shares of Tesla by 1.7% in the second quarter. Cypress Capital Group now owns 2,806 shares of the electric vehicle producer’s stock valued at $555,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 8.4 %

Shares of Tesla stock traded down $19.44 on Friday, hitting $210.73. 111,432,758 shares of the company’s stock traded hands, compared to its average volume of 68,186,248. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $278.98. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The stock has a market cap of $673.21 billion, a P/E ratio of 53.76, a PEG ratio of 5.80 and a beta of 2.29. The firm’s 50-day moving average is $224.47 and its 200 day moving average is $193.60.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. Equities analysts anticipate that Tesla, Inc. will post 1.75 earnings per share for the current year.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 25.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSLA. Sanford C. Bernstein reissued an “underperform” rating and issued a $120.00 price target on shares of Tesla in a report on Monday, June 10th. Barclays reduced their target price on shares of Tesla from $225.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Stifel Nicolaus initiated coverage on shares of Tesla in a report on Tuesday, June 25th. They set a “buy” rating and a $265.00 price target for the company. The Goldman Sachs Group cut their price objective on shares of Tesla from $248.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Guggenheim reaffirmed a “sell” rating and issued a $134.00 target price on shares of Tesla in a research note on Tuesday, July 23rd. Nine equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $204.21.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.